Stratview Research publishes a new report titled Recreational Vehicle (RV) Composite Panels Market which is segmented by Product Type (Towables and Motorized), by Application Type (Sidewall Panel, Slide-out Panel, Roof Panel, and Floor Panel), by Resin Type (Polyester Composite Panels, Epoxy Composite Panels, and Other Composite Panels), by Core Material Type (PS Foam, PU Foam, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Market Insights
Recreational vehicle composite panels market continued its disruptive journey in 2018. The next five years for the market are going to be more vigorous with attractive growth opportunities in the entire ecosystem of the market. It is estimated that the recreational vehicle composite panels market size will reach an estimated value of US$ 554.9 million in 2024. Organic growth in the production of recreation vehicles supported by growing outdoor participation activities and conversion of tent participants to RV enthusiasts is the prime growth driver of the market. An incessant shift from traditional wood panels to composite panels in RV is aiding additional growth in the market, ultimately driving the segment to grow at an above-industry growth rate in the foreseeable future.
Camping roughly accounts for one-third of the total US outdoor participation activity. In camping, recreation vehicles activity represents one of the major outdoor activities, especially in the North American and European countries. RV campers have been increasing progressively as the activity allows campers to freely move at any destination at any time. RV vehicles include camping vehicles, either motorhomes or large trailers towed by trucks.
Key players active in the market –
The following are some of the key players in the Recreational Vehicle (RV) Composite Panels Market:
· Hexagon Composites ASA
· Beijing Tianhai Industry Co., Ltd.
· Worthington Industries, Inc.
· Faber Industrie SPA
· Cylinders Holding a.s.
· Everest Kanto Cylinder Ltd.
· Luxfer Holdings PLC
· Sinoma Science & Technology Co., Ltd.
· CIMC ENRIC (CIMC ENRIC Holdings Limited)
· Grupo Mat
· Quantum Fuel Systems LLC
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